增资后，南华基金仍为公司全资子公司。本次事项完成后，南华基金注册资本由2.5亿元增加至3.5亿 元，公司持有南华基金股权比例仍为100%。 北京商报讯(记者郝彦)8月11日，南华期货（603093）发布公告表示，为提升全资子公司南华基金资本 实力，公司决定向南华基金以现金方式增资1亿元。 ...

Core Viewpoint - The article highlights the launch of the Guotai Quality Core Mixed Fund by Guotai Fund, which is expected to enhance investor experience and inject new vitality into the A-share market, leveraging unique advantages of floating fee rate funds [2][4]. Group 1: Fund Overview - The Guotai Quality Core Mixed Fund is one of the newly approved floating fee rate funds, designed to align with the CSRC's requirements and focus on investor interests [2]. - The fund is managed by Li Hai, a seasoned fund manager with 14 years of experience, who employs a value-growth investment style [4][8]. - Li Hai's previous funds, such as Guotai Jintai and Guotai Consumption Preferred, have shown impressive performance, with total returns of 116.22% and 100.74% respectively, significantly outperforming benchmarks [4][5]. Group 2: Performance Metrics - Guotai Jintai, managed by Li Hai since January 2017, achieved a total return of 116.22% as of July 30, with a maximum drawdown of -20.78%, outperforming the industry average [4]. - Guotai Consumption Preferred, under Li Hai's management since August 2019, recorded a total return of 100.74% and a three-year yield of 43.29% [4]. - The Guotai Quality Core Mixed Fund aims to balance investments across various sectors, including internet, electronics, and consumer healthcare, with a notable 43.46% allocation to Hong Kong stocks [5]. Group 3: Company Strengths - Guotai Fund, established in 1998, is recognized for its independent research and ability to identify long-term value companies, leading the industry in profitability and professional strength [8][11]. - The company has generated a total profit of 16.4 billion yuan for investors over the past six years, ranking among the top five public fund companies in terms of profit [11]. - Guotai Fund's proactive approach to floating fee rate products has been validated by strong performance metrics, with its Guotai Research Selected Fund achieving a return of 78% since inception [14]. Group 4: Market Outlook - Li Hai is optimistic about short-term market recovery and long-term revaluation of core Chinese assets, citing the decreasing trade dependency on the U.S. and the global competitiveness of Chinese manufacturing leaders [12]. - The article suggests that the undervaluation of Chinese core assets presents significant investment opportunities as the economy recovers and policies support growth [12].

证券日报网讯 8月11日晚间，南华期货发布公告称，公司决定向全资子公司南华基金管理有限公司（简 称"南华基金"）以现金方式增资10，000万元。增资后，南华基金仍为公司全资子公司。本次投资金额 未达到需提交公司董事会、股东会审议的标准，无需提交公司董事会、股东会审议。 （文章来源：证券日报） ...

| 行情 | 资金净流入 | 涨跌分布 | | --- | --- | --- | | 上证指数 | 深证成指 | 北证50 | | 3647.55 | 11291.43 | 1458.72 | | +12.42 +0.34% | +162.75 +1.46% | +17.00 +1.18% | | 科创50 | 创业板指 | 万得全A | | 1049.73 | 2379.82 | 5723.58 | | +6.19 +0.59% | +45.86 +1.96% | +55.90 +0.99% | 沪指六连阳，未来市场怎么走？哪些投资机会值得关注？多位业内人士表示，这一轮上涨是政策利好、企业基本面改善、流动性以及投 资者信心恢复的共同作用。对市场中期向上趋势维持谨慎乐观态度，投资者可关注新质生产力、"反内卷"以及内需复苏等方向。 【导读】沪指六连阳，多家基金公司研判！ "或再度上攻" 中国基金报记者 曹雯璟 8月11日，A股全线大涨。截至收盘，沪指涨0.34%，日线六连阳；深成指涨1.46%，创业板指涨近2%。沪指、深成指盘中均创年内新 高。板块方面，PEEK材料、锂矿、消费电子等板块涨幅居前。 长城基金 ...

Group 1 - The recent trend of limiting large subscriptions for high-performing funds is a response to the A-share market's recovery, with the Shanghai Composite Index stabilizing above 3600 points and reaching a year-to-date high [1][2] - As of August 11, over 133 funds have announced the suspension of large subscriptions, primarily those with outstanding performance and rapid growth in scale, with more than 40% of active equity funds achieving returns over 30% in the past year [2][3] - The proactive limitation of fund sizes is seen as a prudent measure to ensure the effectiveness of investment strategies and the stability of fund operations, while also cooling down excessive market enthusiasm [1][4] Group 2 - The fund "China Europe Medical Innovation," managed by renowned fund manager Ge Lan, has implemented a daily subscription limit of 100,000 yuan, marking a significant reduction from previous limits [2][3] - The rapid growth of fund sizes is evident, with some funds experiencing increases of over 10 times, such as Hai Fu Tong Quantitative Vanguard A and Guo Fu Zhao Rui You Xuan A, which had sizes below 60 million yuan at the end of last year [3][4] - The current market dynamics are supported by a surge in individual investor participation, with 14.56 million new accounts opened this year, a 36.9% increase year-on-year, and a significant rise in financing balances [6][7] Group 3 - The A-share market is expected to continue its upward trend, with liquidity support remaining strong, although there may be short-term adjustments due to market conditions [6][7] - The innovation drug sector is transitioning into a phase where actual performance will be tested, with companies that can secure good business development collaborations likely to stand out [8] - Attention is drawn to sectors with improving performance, such as orthopedic and innovative drug upstream companies, as well as medical devices, which may present investment opportunities [8]

先锋期货期权日报 2025-8-11 风险揭示 本报告中的信息或所表述的意见并不构成对任何人的投资建议。本报告所载 的资料、工具、意见及推测只提供给客户作参考之用。过去的表现并不代表未来 的表现，未来的回报也无法保证，投资者可能会损失本金。 在任何情况下，我们不对任何人因使用本报告中的任何内容所引致的任何损 失负任何责任，投资者需自行承担风险。此报告中所指的投资及服务可能不适合 阁下，我们建议阁下如有任何疑问应咨询独立投资顾问。 | 标 的 | 平值期权隐 | 排 名 | 标的30天历 | 排 名 | 标的当日 | 排 名 | | --- | --- | --- | --- | --- | --- | --- | | | 含波动率 | | 史波动率 | | 真实波幅 | | | lc2510 | 6.0% | 1 | 4.2% | 3 | 5.0% | 3 | | ps2510 | 4.0% | 2 | 4.5% | 1 | 6.4% | 2 | | si2510 | 3.9% | 3 | 3.3% | 5 | 6.6% | 1 | | fg509 | 3.2% | 4 | 4.3% | 2 | 3.5% | ...

2025 年 08 月 11 日 申万金工 ETF 组合 202508 相关研究 证券分析师 沈思逸 A0230521070001 shensy@swsresearch.com 邓虎 A0230520070003 denghu@swsresearch.com 研究支持 白皓天 A0230525070001 baiht@swsresearch.com 联系人 沈思逸 (8621)23297818× shensy@swsresearch.com 权 益 量 化 研 究 证 券 研 究 报 告 请务必仔细阅读正文之后的各项信息披露与声明 本研究报告仅通过邮件提供给 中庚基金 使用。1 量 化 策 略 - ⚫ 宏观行业组合：针对所有标记为"行业主题"的 ETF，选择成立时间 1 年以上、当期规模 2 亿以上的产品跟踪的行业主题指数，每个月根据历史数据计算经济、流动性、信用的敏 感性得分，然后根据最新的经济、流动性、信用判断指标调整得分方向后进行加总，最终 得到排名前 6 的行业主题指数，然后取对应规模最大的 ETF 进行等权配置。当前经济转弱、 信用仍较好，选择偏向成长。 ⚫ 宏观+动量行业组合：基于宏观类配置策略主 ...

证券研究报告：金融工程报告 发布时间：2025-08-11 研究所 分析师:肖承志 SAC 登记编号:S1340524090001 Email:xiaochengzhi@cnpsec.com 近期研究报告 《微盘股将再次迎来高胜率区间—— 微盘股指数周报 20250803》 - 2025.08.04 《微盘股持续创新高背后的历史意义 有何不同？——微盘股指数周报 20250727》 - 2025.07.28 《微盘股的流动性风险在哪？——微 盘股指数周报 20250720》 - 2025.07.21 《上证站上 3500 点，后续关注小盘+ 科技成长——微盘股指数周报 20250713》 - 2025.07.14 《"量化新规"或将平稳落地，双均线 法再现买点——微盘股指数周报 20250706》 - 2025.07.07 《现阶段主要矛盾是交易范式之争— —微盘股指数周报 20250629》 - 2025.06.30 《调整仍不充分——微盘股指数周报 20250622》 - 2025.06.23 《短期上涨动能枯竭，控制仓位做好 防御——微盘股指数周报 20250615》 - 2025.06.16 《为何微 ...

8月11日，南方基金发布公告称，基于对中国资本市场长期健康稳定发展的信心，该公司将运用固有资 金2.3亿元自购旗下三只权益类基金，并承诺持有期不少于一年。这一动作成为近期公募基金自购潮的 又一标志性事件，凸显头部机构对权益市场长期价值的坚定判断。 作为公募行业的"风向标"，南方基金此次2.3亿元的自购规模创下年内单家机构自购权益基金的新高。 公告显示，此次自购涵盖南方中证A500ETF联接A、南方标普中国A股大盘红利低波50ETF联接A及现金 流ETF南方三只ETF，分别聚焦中小市值成长股、红利低波动资产及现金流主题，覆盖当前市场主流配 置方向。 事实上，公募基金自购潮自年初以来持续升温。监管层面，证监会2025年初明确要求，公募基金持有A 股流通市值未来三年每年至少增长10%，并强调"引导基金公司将利润一定比例用于自购权益类基金"。 这一政策导向被视为推动机构资金入市、稳定资本市场的重要举措。 今年7月以来，大成基金、方正富邦基金、泰康基金、工银瑞信基金等多家机构相继宣布自购计划。其 中，大成基金7月4日公告出资不低于1000万元认购旗下大成洞察优势混合基金；方正富邦基金7月28日 宣布以2500万元自购旗 ...

8月11日，沪指盘中再创年内新高，创业板指收涨近2%。锂电产业链全线爆发，新能源车ETF、新能源 汽车ETF、新能车ETF均涨超3.6%。 | 代码 | 名称 | | ※幅% | 现价 | 图片 | 头价 | 卖价 息量 | | --- | --- | --- | --- | --- | --- | --- | --- | | 515030 新能源车ETF | | R | 3.68 | 1.351 | 0.048 | 1.351 | 1.352 140.1万 | | 516390 新能源汽车ETF | | | 3.67 | 0.734 | 0.026 | 0.735 | 0.736 289054 | | 159824 新能车ETF | | | 3.67 | 0.904 | 0.032 | 0.903 | 0.904 153626 | | 159608 稀有金属ETF | | | 3.61 | 0.775 | 0.027 | 0.774 | 0.775 840596 | | 159637 | 新能源车龙头ETF | R | 3.55 | 0.670 | 0.023 | 0.670 | 0.671 710446 ...